Want to Enrol in CFP Classes? These Are the Things You Must Know
A Certified Financial Planner (CFP) is a qualified financial expert whose job is to assist clients to invest their money so that it can grow securely and safely. The basis of the job is to help clients plan their finances for long-term benefits. It is a highly sought-after profession with career opportunities in multiple financial sectors. To become a CFP, you need to pass examinations conducted by an internationally recognized body. In India, this examination is conducted by Financial Planning Standards Board (FPSB).
In this blog, we shall be talking about everything you should know about CFP training. Read on to know more.
What Are the CFP Exams?
The CFP is an accredited certification offered by the FPSB to eligible candidates who appear for tests on financial planning, estate planning, risk management, income and retirement planning, insurance, and other such finance-related topics. You need to undergo CFP training to prepare for the rigorous exams.
FPSB is in charge in India to conduct the examinations every year. In India, FPSB offers four certification exams that assess the competency of three specialist courses, and which culminate into the final CFP certification.
How Are the Exams Conducted?
According to the FPSB rules, each specialist exam is for two hours. There are 75 multiple-choice questions that candidates must attempt. These specialist exams can be remotely taken using a secured computer and browser. Three main subjects on which exams are conducted are –
· FPSB® Investment Planning
· FPSB® Retirement and Tax Planning
· FPSB® Risk and Estate Planning
The purpose of these exams is to assess the knowledge pool of the candidates, to test their specializations, skills, and ability to understand complex matters on financial planning. Each question for each subject is specifically designed to focus on a candidate’s competency.
The best way to prepare for this complex exam is to enroll in CFP classes offered by authorized colleges and institutions. These instructor-led programs help candidates prepare for the rigors of the course with adequate coursework, study materials, and mock tests.
Benefits of the CFP Certification
According to FPSB, the Certified Financial Planner certification “is the most desired and respected global certification for those seeking to demonstrate their commitment to competent and ethical financial planning practice”.
To become a CFP, candidates must pass a rigorous exam, prove their competency and understanding of subjects related to financial planning. Candidates must also prove their understanding of the codes of ethics and during the duration of the program must pledge to provide financial planning that is of the highest interest to clients while maintaining the highest ethical ad professional standards.
There are many benefits of the program. Not only do you become a part of a global network of professional CFPs but prove your commitment to put clients’ interests first.
· Your career and employment opportunities increase manifold after the certification. Professionals with CFPs are sought-after by banks, distribution houses, insurance companies, AMCs, financial planning firms, and equity brokerages.
· Your skills and expertise help not just your career but also others in securing their finances.
· You can forge a long-term relationship with your clients.
· Your credibility and expertise can earn you a name in the field.
· It is a globally recognized certification that is valid in over 27 territories.
Conclusion
Equipped with the certification and necessary experience, you can become a leading financial planner in the country. Its popularity may still be considered to be in a nascent stage, but its demand is slowly but surely rising. Join the course today and become a certified financial planner. Find out about the best college offering CFP training in Delhi.
